Heartland Bank & Trust Co Boosts Holdings in Equinix, Inc. (NASDAQ:EQIX)

Heartland Bank & Trust Co lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318 shares of the financial services provider’s stock after acquiring an additional 39 shares during the period. Heartland Bank & Trust Co’s holdings in Equinix were worth $300,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EQIX. United Asset Strategies Inc. purchased a new position in Equinix during the fourth quarter worth approximately $648,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Equinix during the 4th quarter valued at $4,540,000. Blue Trust Inc. increased its holdings in shares of Equinix by 13.5% during the 4th quarter. Blue Trust Inc. now owns 2,348 shares of the financial services provider’s stock worth $2,084,000 after buying an additional 279 shares during the last quarter. PFG Investments LLC purchased a new position in shares of Equinix in the 4th quarter worth $209,000. Finally, Drive Wealth Management LLC boosted its holdings in Equinix by 5.7% in the fourth quarter. Drive Wealth Management LLC now owns 447 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 24 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Trading Down 0.0 %

Shares of EQIX opened at $940.85 on Monday. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The stock has a 50-day moving average price of $944.51 and a 200 day moving average price of $883.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $90.78 billion, a P/E ratio of 84.84, a P/E/G ratio of 2.20 and a beta of 0.73.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Insider Transactions at Equinix

In other news, Chairman Charles J. Meyers sold 5,788 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the transaction, the chairman now owns 15,233 shares in the company, valued at approximately $13,859,135.73. This trade represents a 27.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 1,022 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the sale, the executive vice president now directly owns 4,893 shares in the company, valued at approximately $4,518,979.08. This represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,549 shares of company stock valued at $18,036,455. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Evercore ISI upped their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. JMP Securities began coverage on shares of Equinix in a research report on Monday. They set an “outperform” rating and a $1,200.00 target price for the company. Stifel Nicolaus raised their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on shares of Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $997.53.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.